Common stock is $29,562 and retained earnings are $58,425 is currently what is on balance sheet. Suppose next year the company posts $43,000 in net profit and 16,00 in dividends. what will the companies ending balance for retained earnings be next year?© BrainMass Inc. brainmass.com October 10, 2019, 4:01 am ad1c9bdddf
Ending balance for Retained earnings next year=beginning retained ...
Solution determines the ending balance for retained earnings next year.